Legislative relief for COVID-19
Updated: Financial reporting considerations of the combined provisions of the American Rescue Plan Act and other relief.
CARES Act: IFRS compared to US GAAP
This new KPMG guide compares the financial reporting implications of the CARES Act under IFRS to US GAAP.
NFP higher education institutions’ CARES Act accounting
Implications of the CARES Act on the accounting of not-for-profit higher education institutions.
Healthcare entities’ reporting impacts of COVID-19 aid
Implications of government aid on the accounting and financial reporting of healthcare entities.
KPMG Financial Reporting podcasts
Tune in to hear KPMG professionals discuss major accounting and financial reporting developments.
FRV podcast: COVID-19 relief – CAA and CARES Act
Understanding the financial reporting effects of recent COVID-19 relief, including the Consolidated Appropriations Act.
Goodwill impairment valuation insights
Providing new perspectives on goodwill impairment challenges.
Coronavirus-related impairment of nonfinancial assets
Updated: FAQs on the impairment of goodwill and long-lived assets as a result of COVID-19.
Compensation and benefits impacts of COVID-19
Updated: Potential accounting implications of the coronavirus on various compensation and benefit arrangements.
Financial instruments accounting impacts of COVID-19
Updated: Ongoing economic disruption may impact the accounting for certain financial instruments.
Investment funds: potential impacts of COVID-19
Accounting and reporting implications for investment funds to consider in the current economic environment.
Lender accounting for COVID-19 loan modifications
Latest edition: Accounting considerations for COVID-19 loan modifications, including guidance on TDR determinations.
FASB discusses and responds to coronavirus
Updated: FASB issues ASU deferring effective dates of leases and revenue standards for certain entities due to COVID-19.
Investment funds: subsequent events impacts of COVID-19
Examples of events or circumstances that may apply to an investment fund’s subsequent events disclosures.
Impact of economic disruption on expected credit losses
Q1 economic disruption caused by COVID-19 and oil markets should not be reflected in ASC 326 transition adjustment
Broad disclosure impacts of COVID-19
Updated: Subsequent events, going concern, unusual items, risks and uncertainties evaluation and disclosures.
Recognizing insurance claims related to COVID-19
Guidance on when to recognize insurance recoveries, as well as measurement, presentation and disclosure requirements.
Income tax accounting impacts of COVID-19
Updated: Potential impacts to income tax accounting, including interim estimates and valuation allowances.
FASB staff guidance on COVID-19 rent concessions
Updated: KPMG’s Q&As on how to apply the FASB staff’s guidance.
Lease accounting impacts of the COVID-19 virus
This Hot Topic addresses impacts to companies’ lease accounting from the economic effects of the COVID-19 pandemic.
Accounting for coronavirus-related rent concessions
Latest edition: Applying ASC 842 to rent concessions arising from COVID-19 and other recent events.
SEC issues update on COVID-19 regulatory relief
SEC leaders have issued a statement summarizing current regulatory relief available to COVID-19 affected companies.
SEC statements on manual signature filing requirements
Updated: Alternative compliance approaches for paper filings and manual signature retention indefinitely extended.
New SEC disclosure guidance about effects of COVID-19
SEC provides additional guidance on coronavirus-related disclosures that companies should consider.
SEC finalizes rule to streamline bank disclosures
KPMG reports on changes made to Guide 3 in a new subpart of 1400 Regulation S-K.
Coronavirus-related impacts on internal control
Impacts on entities’ execution of the COSO Internal Control Framework
Extended relief for companies affected by COVID-19
Updated: SEC filing deadlines further extended for companies impacted by the COVID-19 outbreak.
SEC Chair advises on coronavirus impact on disclosures
KPMG provides considerations for companies conducting business with or in China as they assess impacts of coronavirus.
COVID-19 impacts on arrangements with customers
Potential impacts on accounting for arrangements with customers, including revenue, inventory and other related costs.
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